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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by Unlucky13on Nov 18, 2020 5:30pm
825 Views
Post# 31927211

Just like that 62 cents

Just like that 62 cents And another 5 percent in red in the after hours market.  Back to 59 cents tomorrow, profit takers are swooping in.  Looks like a one off and not a confirmed rally as massive supply and lack of demand woes continue to plague this stock.  Also, massive dilution and consolidation coming up soon as the NYSE delisting date will happen, to save the stock on TSX they will have to share consolidate in a 10 to 1 reverse split or 20 to 1.  May see $13 a share soon but have 20 times less shares.  Scary, as that almost always means a free fall back down to the price the shares were before the consolidation.  So not out of the woods and I can't believe people are getting excited about a 20 cent gain after the stock lost 99 percent of it's value.
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